May 15- Green Stocks Continue To Enjoy Investor Confidence

On a day when the broader market struggled to make a decisive move, green energy stocks in our basket had no such problems, with 9 out of 11 racing away yet again. While Waaree Renewable Technologies made its by now predictable return to a 5% upper circuit this time, after two days of lower circuits, KPI Green and Sterling and Wilson Renewable joined it today. All three are EPCs with healthy order book build up.

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Larger developer and integrated firms like Adani Green, tata Power also had a strong day, moving up by over 2% in the former's case. JSW Energy and Inox Wind were the only ones that bucked the trend and stayed in the red but continue to enjoy a healthy valuation bump from their green credentials. Bot Borosil Renewables and Shakti Pumps, benefiting from the solar glass and solar pump business respectively, enjoyed a strong upmove as well at over 3% each.